BCCI terminates Sahara Pune Warriors from IPL - The BCCI working committee on

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The BCCI working committee on Saturday terminated franchise Sahara Pune Warriors from the Indian Premier League for not paying a bank guarantee of 174 crore rupees.

In This Pic : Robin Uthappa, Ashok Dinda

Pic Courtesy : BCCL

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Owned by the Sahara Group, the Pune Warriors have been on collision course with the BCCI after the board encashed its bank guarantee due to non-payment of franchise fee.

In This Pic : Aaron Finch

Pic Courtesy : BCCL

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The Sahara group announced its pull-out from the IPL after that even though that is yet to be formally conveyed to the BCCI.

In This Pic : Yuvraj Singh

Pic Courtesy : PTI

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All the governing council members of the IPL were invited for the meeting.

In This Pic : Ashok Dinda

Pic Courtesy : BCCL

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Sahara had been demanding the completion of the arbitration proceedings on the issue of franchise fee, which it feels should be lowered since the BCCI did not deliver on its promised number of IPL matches for the team.

In This Pic : Pune Warriors India

Pic Courtesy : PTI